India Shares, Rupee Rise on Fed Decision

MUMBAI—India's shares and currency ended sharply higher Thursday, cheered by the U.S. Federal Reserve's decision to maintain its easy-money stance and with lenders leading the rally ahead of the local central bank's monetary-policy meeting.

"The Fed's decision was a surprise, so a rally was expected. But, we have to see how long markets can sustain these levels," Birla SunLife Asset Management Chief Executive A....